Purple United Sales IPO subscription status started on Wednesday, December 11, 2024, and will close on December 13, 2024. The IPO aims to raise approximately ₹32.81 crores through public issuance. The allocation for investor categories includes 35% for Retail Investors, 50% for Qualified Institutional Buyers (QIBs), and 15% for Non-Institutional Investors (NII). The price band is set at ₹121 to ₹126 per equity share, offering an opportunity for investors to participate in this anticipated offering.
The Purple United Sales IPO requires a minimum market lot of 1,000 shares, amounting to an application value of ₹126,000. This IPO is classified as a SME IPO and will be listed on the NSE.
About Purple United Sales
Founded in 2014, Purple United Kids specializes in designing, sourcing, marketing, and selling premium-quality clothing, footwear, and accessories for children, including strollers. Renowned as a “premium fashion brand,” the company is committed to offering high-quality, lab-tested materials in its products.
Purple United Kids operates through an extensive network of mobile applications, websites, and leading e-commerce platforms such as Myntra, Amazon, Flipkart, FirstCry, Nykaa, Hopscotch, AJIO, and more. The company also boasts a portfolio of 17 exclusive brands, enhancing its reach and brand value.
Over the past three years, the company has witnessed significant growth, with revenue rising from ₹16.52 crores to ₹42.77 crores in FY 2024. Additionally, its net income increased from ₹1.77 crores in FY 2022 to ₹4.82 crores in FY 2024, reflecting its consistent financial performance.
GMP on IPO of Purple United Sales
For the latest updates on Purple United Sales IPO Grey Market Premium (GMP) and GMP of IPOs, please visit our IPO GMP Page. Stay informed on premium trends and investor interest before making your investment decision.
BapuKhabar View on Purple United Sales
We recommend investors consider applying for this IPO with a Long-Term Perspective, as it holds potential for growth in the coming years. However, before committing, it’s wise to review the QIB, NII, and Retail subscription numbers.
Purple United Sales IPO Subscription Status (Day Wise)
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 3.50 | 3.51 | 86.30 |
| NII | 4.37 | 12.41 | 269.70 |
| RII | 11.28 | 28.77 | 155.29 |
| Total | 7.58 | 18.04 | 160.08 |
Investor Insights
Employee Category (EMP): Reserved specifically for eligible employees, providing an opportunity to invest at the IPO price.
Qualified Institutional Buyers (QIB): Typically larger institutions, including mutual funds and banks, this category has shown [interest level, e.g., strong demand].
Non-Institutional Investors (NII): Includes corporate bodies and HNIs who often bid for a significant portion.
Retail Individual Investors (RII): Subscription levels in this category reflect the enthusiasm of individual retail investors.
Purple United Sales IPO Review and Rating
- Recommendation: Apply
- Rating: ★★★★☆ (4/5)
Purple United Sales IPO Forms
How to apply for the Purple United Sales IPO?
You can apply for the Purple United Sales IPO through the ASBA option available in your bank account. Simply log in to your online banking, navigate to the Invest section, and select the Purple United Sales IPO to apply directly. Alternatively, you can apply using IPO forms downloaded online. Download the blank Purple United Sales IPO forms, fill them out, and submit them at your bank or through your broker.
FAQs
When will the Purple United Sales IPO Subscription Start?
The IPO subscription starts on December 11, 2024 for QIB, NII, and Retail Investors.
How to Subscribe to the IPO?
You can subscribe via ASBA or Non-ASBA options. Log in to your bank account and apply for the IPO through ASBA, or download the IPO application form, fill it out, and submit it to your broker or bank.
How Can I Check Live Purple United Sales IPO Subscription Numbers Today?
Visit our portal for live IPO subscription updates, which we refresh hourly from official sources. You can also check live subscription data on the official websites associated with the IPO.
How to Apply for the IPO through Zerodha?
- Log in to your Zerodha account (website or app).
- Go to Portfolio and select IPO.
- Select the IPO name and click on the Bid button.
- Enter your UPI ID, quantity, and price, then submit the application.
- Approve the mandate in your UPI app or Net Banking/BHIM App.
How to Apply for the IPO through Upstox?
- Log in to your Upstox account.
- Select the IPO name and click on Bid.
- Confirm your application and go to your UPI app or Net Banking/BHIM App to approve the mandate.
How to Apply for the IPO through Paytm Money?
- Log in to Paytm Money and select the IPO name.
- Click on the Bid button and confirm your application.
- Approve the mandate through your UPI app or Net Banking/BHIM App.
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